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Jack Mallers, CEO of Twenty One, predicts that
Bitcoin
's (BTC) market capitalization will hit $200 trillion.
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China's November industrial production rose 4.8% year-over-year, short of the 5% forecast and down slightly from 4.9% in the previous month. Year-to-date growth slowed marginally to 6% from 6.1%. Combined with weaker-than-expected retail sales data, the figures have added to concerns about China's economic outlook. More details can be found here. More insights are available on Max.
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Russia launches digital joint-stock companies as an alternative to traditional IPOs for small businesses, reports Vedomosti. The Central Bank of Russia has included registrars in its register of digital financial assets system operators, facilitating the creation of digital non-public joint-stock companies with shares issued as digital financial assets. More on max.
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Russian analysts from Sberbank expect inflation to reach its lowest level in five years, projecting a decline to 5.7% by the end of 2023. This would represent the slowest rate of price growth in half a decade.
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Over the past three months, just 10% of the top 100 cryptocurrencies experienced gains, with the majority recording declines.
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France asks EU to delay signing Mercosur trade deal amid concerns over current conditions.
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